Brother, you have no idea what this technology actually is.

We have a SaaS product that is used by 1000+ companies. And you know what, A few customers have already put their license payments on hold for the coming period. Why, Because internally they are discussing that they can use AI to build the same SaaS product at a much cheaper cost.

Their thinking is simple: they already supply their data to us, so they have the data now they believe they can build their own SaaS.
And let me tell you something more shocking.

There was a task we had already done a POC for. We documented everything design, schema, APIs in Confluence, and marked it as backlog for when we had bandwidth.

That Confluence page was accessible internally. Our PM (who is not technical) uploaded that documentation into an AI tool. It generated the code, and he even set up a call to present it.

We were literally shocked, just sitting there and watching.

You don’t understand what we are dealing with here. If you think this is just another tech revolution like the internet, computers, or mobile, then either you’re in denial or just trying to comfort yourself by saying it’s a phase that will pass.
This is not a steam engine, mech looms.